Bloomberg seeks 3rd term

NEW YORK (CNN) - New York Mayor Michael Bloomberg announced Thursday he is asking the city council to change the office's two-term limit allow him to run for a third term.

"If the City Council should vote to amend term limits, I plan to ask New Yorkers to look at my record of independent leadership and then decide if I've earned another term," Bloomberg said in a news conference at City Hall.

The mayor, a billionaire businessman, is credited with helping New York City recover economically after the terror attacks on September 11, 2001, which felled the twin towers of the World Trade Center and killed more than 2,700 people.

–From CNN's Laura Batchelor